Crypto News

New Wallets Flooded with BTC Bitcoin's recent rally has not only attracted new investors but has also sparked renewed interest from long-term holders. In the past week, over 60,000 bitcoins have moved from dormant wallets to new addresses, according to data from on-chain analytics firm Glassnode. Whales on the Move Not only are long-term holders moving their bitcoins, but whales are also making their presence known. In the past 24 hours, five whales have transferred over 10,000 bitcoins each, totaling over $1 billion worth of the digital asset. This spike in whale activity has caused speculation among traders and analysts, with many wondering if this could be a sign of a larger market movement to come. BTC Dominance Remains High Despite the recent dip in price, bitcoin's dominance in the market remains strong, with the digital asset holding over 40% of the total cryptocurrency market cap. This is a testament to the resilience and continued strength of...